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EU and US Tighten the Screws: 19th Sanctions Package to Hit Russian War Economy

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EU and US Tighten the Screws: 19th Sanctions Package to Hit Russian War Economy
President of the European Commission Ursula von der Leyen shakes hands with US President Donald Trump during a meeting at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Source: Getty Images)

European Commission President Ursula von der Leyen announced that the EU’s executive body will soon present its 19th package of sanctions against Russia, with measures aimed at crypto assets, the banking sector, and the country’s energy industry, von der Leyen wrote on X on September 16.

The statement came after a phone call with US President Donald Trump.

“I had a productive conversation with President Trump on strengthening our joint efforts to increase economic pressure on Russia through additional measures,” von der Leyen said.

“The Commission will soon present its 19th package of sanctions, targeting crypto, banks, and energy.”

Von der Leyen underscored that Moscow’s war economy continues to be propped up by fossil fuel revenues.

“Russia’s war economy, sustained by revenues from fossil fuels, is financing the bloodshed in Ukraine,” she said.

She added that the Commission will propose accelerating the EU’s phase-out of Russian fossil fuel imports.

Earlier, US Treasury Secretary Scott Bessent stated that the Trump administration will not impose additional tariffs on Chinese goods related to Russian oil purchases unless European nations impose them first.

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